Blackbaud
BLKB
222 hedge funds and large institutions have $3.15B invested in Blackbaud in 2016 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 84 increasing their positions, 82 reducing their positions, and 25 closing their positions.
36% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 25
3% more funds holding
Funds holding: 215 → 222 (+7)
2% more repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 82
4% less capital invested
Capital invested by funds: $3.27B → $3.15B (-$125M)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
63% less call options, than puts
Call options by funds: $773K | Put options by funds: $2.12M
Top Buyers
| 1 |
Select Equity Group
New York
|
+$24.8M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$19M |
| 3 |
DDC
DF Dent & Co
Baltimore,
Maryland
|
+$18M |
| 4 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
+$7.25M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$6.7M |
Top Sellers
| 1 |
CAM
Cortina Asset Management
Milwaukee,
Wisconsin
|
-$18.4M |
| 2 |
Millennium Management
New York
|
-$8.66M |
| 3 |
FAM
Fred Alger Management
New York
|
-$7.97M |
| 4 |
PIP
Permian Investment Partners
Dallas,
Texas
|
-$7.71M |
| 5 |
WCA
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
-$7.51M |
BLKB Hedge Fund Activity: Q1 2016 in Review
222 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Blackbaud (BLKB) for Q1 2016, worth a combined $3.15B — down 3.8% from $3.27B a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new BLKB positions and 25 closed out — a net gain of 9 holders — while 84 added to existing stakes and 82 trimmed.
The largest buyer was Select Equity Group, adding an estimated $24.8M. The largest seller was Cortina Asset Management, cutting an estimated $18.4M.
- 222 institutional investors held Blackbaud (BLKB) as of Q1 2016, up from 215 in Q4 2015.
- Funds reported $3.15B of Blackbaud stock for Q1 2016, down 3.8% quarter-over-quarter.
- 34 funds opened new Blackbaud positions in Q1 2016 and 25 closed out, a net change of +9 holders.
- The largest Blackbaud buyer in Q1 2016 was Select Equity Group, an estimated $24.8M added.
- The largest Blackbaud seller in Q1 2016 was Cortina Asset Management, an estimated $18.4M sold.
Based on aggregated 13F filings for Q1 2016.